Market Overview:
The global auto finish paint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. In terms of type, the solvent-base auto finish paint segment is expected to dominate the market during the forecast period, owing to its superior properties such as high gloss and color retention.
Product Definition:
Auto finish paint is a type of automotive paint that is used to provide a smooth, glossy finish on vehicles. It is typically applied over primer and basecoat paints, and can be used on both interior and exterior surfaces. Auto finish paint provides a high level of protection against weathering and fading, and can help to improve the appearance of vehicles.
Solvent-base:
Solvent-based paints are widely used in the automotive industry. The growth of this market is attributed to the growing demand for automobiles across the globe. Solvent-based paints contain pigments and additives that reduce or eliminate brush strokes when applied on a substrate.
The solvent used in these types of paints is usually an organic compound, which dissolves under heat from a metal can or plastic container.
Water-base:
Water-based finishes are used in automotive paints to create a finish that is less toxic, non-flammable, and more durable than solvent-based finishes. The majority of waterborne products are latex or polyurethane based with the addition of pigments and fillers. These products dry into a glossy finish that can be top coated with either oil or varnish for longer durability.
Application Insights:
The global auto finish paint market is segmented on the basis of application into passenger vehicle and commercial vehicle. The commercial vehicles segment held a larger share in 2017 owing to rising demand from construction, mining and agricultural industries. The growth of these industries is directly related to the expansion of road networks, which encourages the use of heavy-duty vehicles for transportation purposes. This factor will help propel product demand over the forecast period.
Passenger vehicles are expected to witness significant growth over the forecast period due to increasing consumer disposable income levels coupled with growing awareness regarding personal safety and security issues associated with automobiles. Rising preference for premium brand cars among consumers across various regions will also boost industry growth over the next eight years or so as many manufacturers focus on developing economies such as India, China Japan etc., where labor costs are relatively low compared to developed countries like U.S., Germany France etc.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period. The growth can be attributed to increasing automobile production in countries, such as China and India. In addition, rising disposable income levels and growing population are expected to drive demand for passenger vehicles in this region.
The market in Europe is characterized by stringent regulations regarding VOC emissions from paints & coatings products used for automotive applications. This has led manufacturers based in Europe to develop innovative auto finish paints that meet these emission standards while also providing superior performance as compared with conventional solvent-based or water-based finishes.
In North America, demand for high-performance vehicle finishes that provide corrosion resistance.
Demand from Central & South America (CSA) was estimated at USD X million owing its large manufacturing base of trucks.
Growth Factors:
- Increasing demand for automobiles due to rising disposable income and changing lifestyle of people.
- Technological advancements in the automotive industry that are increasing the demand for auto finish paints.
- Growing environmental awareness among consumers that is resulting in increased demand for eco-friendly paints and coatings products.
- Rising trend of customization and personalization in the automotive sector is boosting the demand for auto finish paints market globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Auto Finish Paint Market Research Report
By Type
Solvent-base, Water-base
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
PPG Industries, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta Coating Systems, BASF, Kansai, KCC Corporation, Strong Chemical, YATU, Kinlita
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Auto Finish Paint Market Report Segments:
The global Auto Finish Paint market is segmented on the basis of:
Types
Solvent-base, Water-base
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG Industries
- AkzoNobel
- Henkel
- Sherwin-Williams
- Valspar
- RPM International
- Axalta Coating Systems
- BASF
- Kansai
- KCC Corporation
- Strong Chemical
- YATU
- Kinlita
Highlights of The Auto Finish Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent-base
- Water-base
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auto Finish Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Auto Finish Paint is a type of paint that automatically dries and seals the surface. This type of paint is often used on wood surfaces to protect them from moisture and damage.
Some of the major players in the auto finish paint market are PPG Industries, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta Coating Systems, BASF, Kansai, KCC Corporation, Strong Chemical, YATU, Kinlita.
The auto finish paint market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auto Finish Paint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Auto Finish Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Auto Finish Paint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Auto Finish Paint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Auto Finish Paint Market Size & Forecast, 2018-2028
4.5.1 Auto Finish Paint Market Size and Y-o-Y Growth
4.5.2 Auto Finish Paint Market Absolute $ Opportunity
Chapter 5 Global Auto Finish Paint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Auto Finish Paint Market Size Forecast by Type
5.2.1 Solvent-base
5.2.2 Water-base
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Auto Finish Paint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Auto Finish Paint Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auto Finish Paint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auto Finish Paint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Auto Finish Paint Analysis and Forecast
9.1 Introduction
9.2 North America Auto Finish Paint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Auto Finish Paint Market Size Forecast by Type
9.6.1 Solvent-base
9.6.2 Water-base
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Auto Finish Paint Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Auto Finish Paint Analysis and Forecast
10.1 Introduction
10.2 Europe Auto Finish Paint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Auto Finish Paint Market Size Forecast by Type
10.6.1 Solvent-base
10.6.2 Water-base
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Auto Finish Paint Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Auto Finish Paint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Auto Finish Paint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Auto Finish Paint Market Size Forecast by Type
11.6.1 Solvent-base
11.6.2 Water-base
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Auto Finish Paint Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Auto Finish Paint Analysis and Forecast
12.1 Introduction
12.2 Latin America Auto Finish Paint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Auto Finish Paint Market Size Forecast by Type
12.6.1 Solvent-base
12.6.2 Water-base
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Auto Finish Paint Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Auto Finish Paint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Auto Finish Paint Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Auto Finish Paint Market Size Forecast by Type
13.6.1 Solvent-base
13.6.2 Water-base
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Auto Finish Paint Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auto Finish Paint Market: Competitive Dashboard
14.2 Global Auto Finish Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 AkzoNobel
14.3.3 Henkel
14.3.4 Sherwin-Williams
14.3.5 Valspar
14.3.6 RPM International
14.3.7 Axalta Coating Systems
14.3.8 BASF
14.3.9 Kansai
14.3.10 KCC Corporation
14.3.11 Strong Chemical
14.3.12 YATU
14.3.13 Kinlita
